ECON 3P04 Lecture Notes - Lecture 4: Deflation, Monetary Policy, Overnight Rate
Document Summary
But overnight rate is phase 1 of that. 6 basic rules : mentioned by mission statement, High employment- is good, decrease in crime. Economic growth- highly related to high employment. Higher resources- has to result in loss of gdp. Many have cut back on unemployment wages, causing problems. Another problem is an economics problem: natural rate of unemployment. If you"re a conserved economist: _ . liberal economist: they see the danger sides. He thought if you keep government out of it, high employment is a goal but is never shifted. It"s a historical subject- not very good at forecasting. Judge level of _ by increase in y. Trouble in north america there"s been massive growth in gmp in last 50 years. Growth is coming from paying people not as much as usual, massive immigration ( people coming in that work hard and those who consume). For example: trump making wall between mexicans and making.
